YoY comes in at 1.9% versus 1.9% expected

  • CPI 3Q 0.4% versus 0.5% expected. 0.4%
  • CPI YoY 1.9% versus 1.9% expected. Prior quarter 2.1%
  • trimmed mean QoQ 0.4% versus 0.4% expected. Prior quarter revised to 0.4% from 0.5%
  • Trimmed mean YoY 1.9% vs 1.9% expected. Prior quarter revised to 1.8% from 1.9%
  • Weighted median QoQ 0.4% versus 0.4%. Prior quarter revised down to 0.4% from 0.5%
  • Weighted mean YoY 1.7% versus 1.9% expected. Prior quarter 1.9% unrealized

The lower than expected number has moved the price of the AUDUSD down toward the 200 hour MA at 0.7086. The 100 hour moving average is just below that at 0.70784. A move below each of those MAs would tilt the bias more to the downside.

The price was higher by about 10 pips before the release. So not much price action so far, but the sellers are trying to make a play on moving averages.

In other news out of Australia, the private sector credit for the month September rose 0.4% which was as expected. The YoY rose 4.6% which was a touch higher than the 4.5% estimate.

ForexLive